Chinese lead concentrate market firm
2014-06-20 09:15:06 [Print]
BEIJING (Asian Metal) 20 Jun 14 - Although Chinese lead ingot market weakened slightly on the sluggish demand from consumers, lead concentrate market remained firm on the Chinese spot market.
A source from an Inner Mongolia-based mining company reported that the lead concentrate was still in short supply on the Chinese spot market, so most suppliers insisted on firm offers this week, though lead ingot market showed some weakness.
The supplier offered lead concentrate 50%min at RMB11,500/metal tonne ex works these days, unchanged compared with late last week. “Some local suppliers showed little interest of selling the material and waited for the recovery of lead and silver prices,” said the source.
The mine’s lead concentrate output is around 500tpm and it holds few lead concentrate in stock.
A source from a Yunnan-based trading company reported that the lead concentrate market remained active, due to the limited supply but strong demand from lead smelters.
The source said that current prices for lead concentrate 60%min prevailed at around RMB12,000-12,100/metal tonne (USD1,967-1,984/metal tonne) on the Yunnan spot market, unchanged compared with last week.
The source reported that although lead ingot prices dipped by around RMB20-30/t (USD3.3-4.9/t) to RMB13,820-13,850/t (USD2,266-2,270/t) on the spot market, few suppliers lowered offers for lead concentrate this week, due to the strong demand from buyers.
The source predicted that the shortage of lead concentrate supply may continue to exist on the spot market, so suppliers will insist on their firm offers in the near term.
Lead Conc. TC 50%min CIF China
Unit:USD/mt
China lead concentrate producers' output statistics by province by month
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